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FHA Mortgage Underwriting: FHA Requires “Funds Documentation” Including Earnest Money, Large Deposits And Gift Funds
28 06 2011FundMyRemodel.com
FHA 203k, Government And Conventional Financing For Home Renovation Purchases And Refinancings
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SKIP SCHENKER
http://www.renovationready.com/
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“A consortium of industry professionals committed to the revitalization of our nation’s housing stock and creating sustainable homeownership.”
FHA 203k Renovation Loans
Nationally Recognized Home Renovation Financing Expert, Educator And Speaker
Skip Schenker is an industry expert in FHA 203(k) lending. He has completed hundreds of 203(k)s as a Loan Officer and published numerous articles on the subject . He authored a 3-hour Dept. of Real Estate Approved Continuing Education Class called "Sell more homes with Renovation Loans". Skip is well-known in the REO industry. His previous experience included being a licensed contractor in 1987; licensed real estate agent since 1992; and a licensed broker since 2008. He also was previously the Vice President of a Construction Lending Department.
HUD “Good Neighbor Next Door” Home Sales Program
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- Renovation Lending Institute A consortium of industry professionals commmitted to the revitalization of our nation’s housing stock and creating sustainable homeownership.
Recent Posts
- Housing Market Recovery Dependent On Reduction Of “Oversupply Of Distressed Homes” (Video)
- 30-Year Fixed Mortgage Rates Fall To Historic Low Of 4.12% In Latest Week On Poor Economic Data
- Foreign National Mortgage Programs Allow For Non-Resident And Non-U.S. Citizens To Purchase Owner-Occupied And Second Homes With Condos Included
- 30-Year Fixed Mortgage Rates End Latest Week At 4.22% As Weak Economic Data Keeps Rates At All-Time Lows
- S&P/Case-Shiller Home Price Index For June 2011 Shows 3.6% Increase In 2nd Quarter But Is Down 5.9% In Past 12 Months
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- Fannie Mae Releases "Desktop Underwriter" (DU) Changes Which Feature 7-Year Foreclosure Seasoning, 2-Year Seasoning For Short-Sales And All Installment Debt Payments Counted
- Skip Schenker Of iMortgage Offers "FHA 203k Renovation Financing" EFlyers To Realtors And Homebuyers Wanting To See Possibilities Of Home Renovation
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- FHA Underwriting Guidelines: FHA Desktop Underwriter (DU) Allows For Potential "Reduced Documentation" Including No Verification Of Rent, One Paystub And Verbal VOE, And Reduced Papertrail For Gifts And Asset Liquidation
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